Looking to balance out your exposure to SB? The ETFs below have the lowest correlation with SB — they tend to move on their own, which can help reduce risk when SB drops. The stock ideas table highlights individual companies that behave independently from SB.
Best Diversifiers for SB
0 ETFs have low correlation with SB (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.32, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.32 | 0.28 | 0.33 | 70 | S&P 500 | SB vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SB and solid risk/return profiles. The least correlated is Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | 0.04 | 0.04 | 0.11 | 80 | Consumer Defensive | |
| Arista Networks, Inc. | 0.11 | 0.12 | 0.18 | 79 | Technology | |
| Amazon.com, Inc | 0.12 | 0.14 | 0.20 | 60 | Consumer Cyclical | |
| Apple Inc | 0.13 | 0.15 | 0.21 | 89 | Technology | |
| Baidu, Inc. | 0.13 | 0.26 | 0.26 | 72 | Communication Services |
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